Heterodox
Russia has stopped using SWIFT and US dollars in weapon export contracts, Head of Russian Defence Export firm (Rosoboronexport) Aleksandr Mikheev told journalists during Army-2019 forum. He said that Rosoboronexport is now using national currencies instead of US dollars and emplyos a “closed system” of payments.... SouthfrontRussia Stopped Using SWIFT And Dollars In Weapon ContractsSee also at SFOn June 26th, Russian Defense Minister Sergei Shoigu gave a speech at the “Actual issues of...
Read More »Zero Hedge — SWIFT Cuts Off Iran Central Bank As Tehran Sells 700,000 Barrels To Anonymous Direct Buyers
Crossing the Rubicon. There is no UN mandate for this. While the US could not directly force SWIFT to cut off Iranian banks, US Secretary of State Mike Pompeo had warned that penalties would be applied to SWIFT and any other firms that refused to comply with the latest sanctions, effectively forcing SWIFT to pick between compliance with US demands or angering top EU officials. It picked the former. Zero HedgeSWIFT Cuts Off Iran Central Bank As Tehran Sells 700,000 Barrels To Anonymous...
Read More »Joaquin Flores — Trans-Atlantic Collapse: Berlin-Brussels May Create ‘Swift’ Replacement
German Foreign Minister Heiko Maas said that the European Union needs to create an independent analogue of the American system for transferring information on SWIFT payments in order to protect its companies from US sanctions against Iran.... “In this situation it is of strategic importance that we clearly tell Washington: we want to cooperate. But we will not allow them to act over our heads, to our detriment. Therefore, it would be right to protect European companies from sanctions from...
Read More »RT — Strategic Russian firm dumps SWIFT in favor of domestic bank transfer alternative
It begins. In 2017, the head of the Central Bank, Elvira Nabiullina, said at a meeting with President Vladimir Putin that Russia is ready for disconnection from SWIFT. RTStrategic Russian firm dumps SWIFT in favor of domestic bank transfer alternative
Read More »Kakaousia — Russia without SWIFT
Background on international payments systems and Western monopoly — so far. While Russia's exclusion from SWIFT would be painful, there are workarounds, and the net effect would be to hasten the already developing de-dollarization that taking place owing the the US weaponing the USD-based system. Russia and China have already been taking steps to isolate themselves from a weaponized dollar. Now, it is a matter of time.The Vineyard of the SakerRussia without SWIFT KakaousiaSee also "SBP...
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